Volvo moved 50,820 new units worldwide in January, a 5% year-over-year decline offset by a 17% improvement in sales of EVs and plug-in hybrids. +

Automotive News reports U.S. Hyundai, Kia and Mazda dealers enjoyed double-digit gains in new vehicle sales compared with January 2024 while Ford and Toyota suffered modest losses. +

President Donald Trump levied new tariffs of 25% on goods imported from Canada and Mexico and 10% on imports from China with no exemptions for vehicles or auto parts. +

U.S. new light-duty vehicle sales rose to 15.7 million in 2024, a 2.5% year-over-year increase driven by big gains among certain brands, marques and types and capped by a 4.1 million-unit fourth quarter. +

In the same month EVs boosted U.S. new-vehicle sales for major Japanese and Korean manufacturers, Volvo dealers sold shockingly few fully electric vehicles. +